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Finance
Posted: September 12, 2013
Washington Trust provides $5 million construction financing to Scandinavian Home, Inc.
Washington Trust's Commercial Real Estate Group provided $5 million in construction financing to Scandinavian Home, Inc. for a 2,000 s/f addition to an assisted living facility as well as renovations to existing facilities. Founded in 1930, Scandinavian Home is a non-profit community located in the Edgewood section of the city. The facility offers assisted living community and a skilled nursing and rehabilitation center.
"The Scandinavian Home has provided quality care for more than 80 years and this expansion will help them continue their fine services for years to come," said Joseph MarcAurele, Washington Trust chairman, president and CEO.
Washington Trust's commercial real estate group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects.
Founded in 1800, Washington Trust is one of New England's premier financial services companies, providing commercial banking, personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Their commercial banking group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Their team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust is a subsidiary of Washington Trust Bancorp, Inc.
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Finance
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Columns and Thought Leadership
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The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
